Stocks mixed after tepid US jobs report - 7.6.2021

IFC Markets

Master Trader
Oct 31, 2012
London (Great Britain)

Top daily news​

Global stock futures are lacking a general direction currently after Wall Street ended higher on Friday following a tepid US May jobs report. Apple shares rose 1.9%, Twitter jumped 3.49% on Friday despite Nigeria "temporary" suspending Twitter's operations in the country after Twitter deleted a tweet by President Muhammadu Buhari for breaching the site's rules.

Forex news​

Currency PairChange
EUR USD-0.09%
GBP USD-0.5%
USD JPY-0.03%
AUD USD-0.05%

The Dollar strengthening has resumed currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, lost 0.4% on Friday as the Bureau of Labor Statistics reported The United States added 559,000 jobs in May, below expectations.

Both EUR/USD and GBP/USD reversed their sliding Friday despite the Eurostat report retail trade in euro-zone fell 3.1% over month in April after 3.3% growth in prior month when a 1.4% decrease was expected. Both pairs are lower currently. USD/JPY gave back all of prior day’s gain Friday while AUD/USD pared almost all of its losses from prior day with yen higher against the Greenback currently and the Australian dollar lower.

Stock Market news​

Dow Jones Index-0.17%
Nikkei Index+0.27%
Hang Seng Index-0.76%
Australian Stock Index-0.29%

Futures on US equity benchmarks are lower currently after climbing on Friday on investors relief over a tepid US jobs report. The three main US stock benchmarks recorded daily gains ranging from 0.5% to 1.5% Friday.

European stock futures are down currently after ending higher on Friday . Asian indexes are mixed today after finance ministers from the Group of Seven (G-7) advanced nations agreed on Saturday to back a minimum global corporate tax rate of at least 15%. Nikkei index is leading gains currently and Shanghai Composite is up as data showed China’s imports grew at their fastest pace in ten years.

Commodity Market news​

Brent Crude Oil-0.81%
WTI Crude-0.41%

Brent is retreating currently as investors await the results of talks between Iran and US this week over a nuclear deal. An agreement may boost global crude supplies. Prices advanced on Friday after a weekly supply report on Thursday showed US crude inventories dropped more than expected the previous week. West Texas Intermediate (WTI) futures gained 0.7% but is lower currently. August Brent crude added 0.4% to $71.60 a barrel on Friday.

Gold Market News​


Gold prices are edging lower today. August gold gained 1% settling at $1892 on Friday but booked a loss for the week